Usa Financial News

crypto market is witnessing its best performance since April 2022, with Bitcoin crossing the $41,000 mark. Experts say growing confidence in the crypto market is driven by expectations of the US Federal Reserve cutting interest rates in 2024 and the eventual approval of a Bitcoin ETF, which could boost the price of the world's largest cryptocurrency. The digital asset has skyrocketed this year, rising nearly 150%, with expectations growing that US regulators will allow the creation of ETFs. «The sentiment is upbeat because the buzz is that the Bitcoin ETF could be approved as early as by January 15, 2024. The market is buzzing with optimism as it is a catalyst for wider institutional acceptance and integration of Bitcoin into mainstream financial portfolios. This sentiment is intertwined with the upcoming Bitcoin halving, an event historically associated with price increases due to the resulting supply shock,» said Rajagopal Menon, Vice President at WazirX. Bitcoin was trading above $41,600 at around 5:27 pm on Monday.

MCX February gold futures were trading at Rs 62,245 at the opening time, up Rs 60 or 0.10% from Tuesday's closing price. Meanwhile, the March Silver futures were trading at Rs 75,403 per kg, higher by Rs 124 or 0.60%.

rupee appreciated 2 paise to 83.35 against the US dollar in early trade on Wednesday, amid a bullish trend in domestic equities and sustained foreign fund inflows. Forex traders said investors remained on the sidelines ahead of the Reserve Bank of India's monetary policy decision later this week. At the interbank foreign exchange, the rupee opened 2 paise higher at 83.35 against the dollar as domestic benchmark indices touched new lifetime peaks. On Tuesday, the rupee settled at 83.37 against the dollar. «The RBI's policy, commencing on Tuesday with a decision due on Friday, will be closely monitored,» CR Forex Advisors MD Amit Pabari said. The Reserve Bank is likely to maintain the status quo on the short-term interest rate in its monetary policy review. RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) is scheduled to begin its three-day deliberations on December 6. Das would unveil the decision of the six-member MPC on December 8. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.11 per cent lower at 103.93. Brent crude futures, the global oil benchmark, advanced 0.12 per cent to $77.29 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 269.23 points or 0.39 per cent higher at 69,565.25 points.

Adani Group stocks extended to the fourth day as nine out of 10 stocks traded in the green with Adani Green Energy and Adani Total Gas rising by 16%. Nifty constituents Adani Enterprises and Adani Ports and Special Economic Zone were the top index gainers in the early trade as they rose 6% and 7%, respectively. On Wednesday, the combined market cap of all Adani Group companies stood at Rs 14.65 lakh crore. Meanwhile, Adani Energy Solutions, Adani Power, NDTV, Adani Wilmar and Ambuja Cements gained between 13% and 1.2% around 9:35 am.

South Korean crypto traders are emerging as key influencers in driving Bitcoin price up by over 50%, reaching its highest price level in two years.

Narendra Modi on Wednesday paid tributes to B R Ambedkar on his death anniversary, saying he dedicated his life to the welfare of the exploited and deprived. In a post on X, PM Modi said, “Pujya Baba Saheb, along with being the architect of the Indian Constitution, was an immortal champion of social harmony, who dedicated his life to the welfare of the exploited and the deprived. My respectful obeisances to him today on his Mahaparinirvana day." December 6 marks the Mahaparinirvan Diwas of Dr.

Day trading guide for today: Following buying in frontline stocks on end of rate hike cycle buzz, Indian stock market ended higher for sixth straight session on Tuesday. Participatory rally extended for yet another session on Tuesday, which helped key benchmark indices and broad market indices to hit new life-time high on the previous session. Nifty 50 index climbed to a new peak of 20,864 levels, BSE Sensex touched new life-time high of 69,381 whereas Bank Nifty index hit a new high of 47,230.

Adani Group stocks have been on a roll lately. They leapt after 24 November, when the Supreme Court reserved its judgement on petitions asking for an inquiry of January’s crash triggered by a Hindenburg Research report charging the group with stock manipulation, accounting fraud and much else, all flatly denied by the group.

Elon Musk-led artificial intelligence startup xAI is looking to raise $1 billion in funding from equity investors, according to a document filed by the company with the US Securities and Exchange Commission. The document also noted that xAI has already raised about $135, without disclosing the names of those investors.

A new study in the US suggests some market players placed bets in anticipation of Hamas’s 7 October attack on Israeli targets in which more than 1,200 people were killed. While it’s unsettling to contemplate profits made off terror, could trading patterns serve as intelligence inputs for agencies tasked with thwarting such attacks? If market participants have information about what’s going to happen, no matter how few they are, it might be useful to watch out for suspicious activity. But linking any market trades to foreknowledge of violence is easier said than done.

US announces visa bans after warning Israel over West Bank violence Hamas likely profited from Israel stock markets ahead of Oct terror attacks Israel Would Consider Another Cease-Fire to Get Back Hostages Putin to visit Saudi, UAE on December 6, host Iran President: What's on agenda? Milestone Alert!Livemint tops charts as the fastest growing news website in the world

Investing.com-- Oil prices moved little in Asian trade on Wednesday, sticking to near five-month lows after a warning on China's economy rattled markets, while signs of an unexpected build in U.S. crude stockpiles also added to pressure on prices.

Investing.com — US stock futures were trading mostly flat on Tuesday evening, marking a second consecutive day of decline for the S&P 500 and the Dow Jones Industrial Average.

By Faith Hung and Rae Wee

SINGAPORE (Reuters) — Nvidia (NASDAQ:NVDA) will continue to develop a new set of products that comply with U.S. government regulations involving exports of high-end chips to China, CEO Jensen Huang said on Wednesday.

«Going forward, investors will take cues from US Service PMI and Jolt Jobs data,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS Gift Nifty signals positive start Nifty futures on the Gift Nifty traded at 21,027 around 7.15 am, up 27.50 points or 0.13%, indicating a positive start for Dalal Street.

Israel, the State Department said Tuesday it will impose travel bans on extremist Jewish settlers implicated in a rash of recent attacks on Palestinians in the occupied West Bank. Secretary of State Antony Blinken announced the step after warning Israel last week that President Joe Biden's administration would be taking action over the attacks. Blinken did not announce individual visa bans, but department spokesman Matthew Miller said the bans would be implemented starting Tuesday and would cover «dozens» of settlers and their families, with more to come if the settler violence continued. He wouldn't give a number and refused to identify any of those targeted due to confidentiality reasons. The decision comes at a sensitive moment in U.S.-Israeli relations.

Kamala Harris broke a nearly 200-year-old record for casting the most tiebreaking votes in the Senate when she voted Tuesday to advance the confirmation of a new federal judge in Washington, D.C. Senate Majority Leader Chuck Schumer, a New York Democrat, called Harris' 32nd tiebreaking vote a «great milestone.» Harris returned to Capitol Hill later in the day to cast her 33rd vote as well, securing the judge's confirmation. The previous recordholder was John C. Calhoun, who cast 31 tiebreaking votes during his eight years as vice president, from 1825 to 1832.

By David Shepardson

Global market setup remains positive as Asian markets traded higher while the US shares ended mixed overnight. The equity benchmark indices on Tuesday ended at their record closing highs as market sentiment remained upbeat following strong macro numbers and BJP's victory in the three large states. The Sensex jumped 431.02 points, or 0.63%, to end at 69,296.14, while the Nifty 50 settled 168.30 points, or 0.81%, higher at 20,855.10.

Sensex crossing the 69,000 mark for the first time on Tuesday as the market continued to ride the bullish momentum driven by pick up in foreign fund flows and Bharatiya Janata Party's wins in the recent state elections. The Nifty gained 168.30 points or 0.81% to close at 20,855.10. The Sensex rose 431 points or 0.63% to end at 69,296.14.